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Banks (entry)

BANKS, credit system institutions. St. Petersburg has been the central element of the system from the time it came into being through 1917. The first banks in Russia were founded on the initiative of the state and financed from the treasury

St. Petersburg Private Commercial Bank

ST. PETERSBURG PRIVATE COMMERCIAL BANK, the first joint-stock bank in Russia founded in 1864 for financing trade deals on the Exchange of St. Petersburg. Its major activities included transactions with securities such as selling public bonds and

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